Corporación Inmobiliaria Vesta (NYSE:VTMX) Sets New 12-Month Low – Here’s What Happened

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.57 and last traded at $24.57, with a volume of 1993 shares changing hands. The stock had previously closed at $25.51.

Analyst Ratings Changes

A number of research analysts have recently commented on VTMX shares. The Goldman Sachs Group dropped their price target on Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Barclays decreased their price objective on shares of Corporación Inmobiliaria Vesta from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st.

Corporación Inmobiliaria Vesta Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.31, a current ratio of 4.59 and a quick ratio of 4.59. The firm has a fifty day simple moving average of $26.62 and a 200-day simple moving average of $30.21. The firm has a market cap of $21.75 billion, a P/E ratio of 5.77 and a beta of 1.37.

Corporación Inmobiliaria Vesta Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a $0.1843 dividend. This is a boost from Corporación Inmobiliaria Vesta’s previous quarterly dividend of $0.15. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date was Friday, October 11th. Corporación Inmobiliaria Vesta’s dividend payout ratio (DPR) is currently 3.39%.

Institutional Investors Weigh In On Corporación Inmobiliaria Vesta

Hedge funds and other institutional investors have recently made changes to their positions in the business. Centersquare Investment Management LLC grew its holdings in Corporación Inmobiliaria Vesta by 19.0% during the first quarter. Centersquare Investment Management LLC now owns 281,677 shares of the company’s stock worth $11,053,000 after buying an additional 44,907 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Corporación Inmobiliaria Vesta by 3,292.8% in the 1st quarter. Lazard Asset Management LLC now owns 336,600 shares of the company’s stock worth $13,208,000 after acquiring an additional 326,679 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Corporación Inmobiliaria Vesta by 54.3% in the second quarter. Rhumbline Advisers now owns 3,610 shares of the company’s stock valued at $108,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Corporación Inmobiliaria Vesta by 358.1% during the second quarter. Marshall Wace LLP now owns 144,167 shares of the company’s stock valued at $4,324,000 after purchasing an additional 112,699 shares in the last quarter. 6.94% of the stock is owned by institutional investors.

About Corporación Inmobiliaria Vesta

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.